AFTER PANAMA PAPERS, NOW PARADISE PAPERS

AFTER Panama Papers, the Paradise Papers reveal how corrupt practices are increasingly used to stash away black money in numerous havens, and how agencies are working to help the corrupt in this heinous act. When under intensifying corporatization of all fields life of vast masses are becoming increasingly miserable, these monsters are allowed to go scot-free by consecutive governments. A massive upsurge against this mafia class and the governments which protect them is the need of the hour as part of overthrowing this barbarous ruling system itself. A multi-agency group (MAG) will probe into the ‘Paradise Papers’ on financial holdings abroad that lists a number of 714 Indian individuals and entities, PTI reported on Monday quoting official sources. The Paradise Papers is a cache of 13.4 million documents obtained by German newspaper Süddeutsche Zeitung and investigated by the International Consortium of Investigative Journalists (ICIJ) in partnership with The Indian Express. It reveals how two firms Bermuda’s Appleby and Singapore’s Asiaciti Trust help the global rich and powerful move their money abroad. 